Jupiter Topco LLC Makes New $1.35 Million Investment in Avient Corporation $AVNT

Key Points

• Jupiter Topco LLC acquired 36,574 Avient shares in the second quarter, representing an investment of approximately $1.35 million. Institutional investors and hedge funds collectively own 95.48% of the company.
• Avient exceeded quarterly expectations, reporting $0.96 in EPS versus the $0.89 consensus estimate and $917 million in revenue, up 5.8% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $46.71, while Avient declared a quarterly dividend of $0.275 per share, equivalent to a 2.5% annual yield.

Jupiter Topco LLC bought a new stake in Avient Corporation (NYSE:AVNT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 36,574 shares of the company's stock, valued at approximately $1,352,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in Avient during the second quarter worth $4,612,000. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Avient in the second quarter valued at $2,597,000. Fiera Capital Corp raised its stake in shares of Avient by 30.1% during the 4th quarter. Fiera Capital Corp now owns 781,868 shares of the company's stock worth $24,426,000 after buying an additional 180,839 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Avient by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 10,218,398 shares of the company's stock worth $319,223,000 after buying an additional 77,246 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in Avient by 111.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 57,652 shares of the company's stock valued at $2,093,000 after acquiring an additional 30,365 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group set a $44.00 target price on shares of Avient in a research report on Monday, June 8th. Wells Fargo & Company raised their price objective on shares of Avient from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Robert W. Baird set a $43.00 price objective on Avient in a research report on Friday, May 8th. Seaport Research Partners reaffirmed a "buy" rating and issued a $54.00 target price on shares of Avient in a research note on Friday, August 7th. Finally, Truist Financial increased their target price on Avient from $44.00 to $50.00 and gave the company a "buy" rating in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Avient currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.71.

Avient Stock Performance

NYSE:AVNT opened at $43.45 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.90 and a quick ratio of 1.35. The firm has a market cap of $3.99 billion, a PE ratio of 23.49, a P/E/G ratio of 1.24 and a beta of 1.29. The firm has a 50 day simple moving average of $40.21 and a 200-day simple moving average of $37.94. Avient Corporation has a 1-year low of $27.48 and a 1-year high of $46.64.

Avient (NYSE:AVNT - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.07. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $898.53 million. Avient had a net margin of 5.10% and a return on equity of 11.64%. Avient's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. On average, equities analysts expect that Avient Corporation will post 3.2 EPS for the current year.

Avient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.5%. Avient's payout ratio is currently 59.46%.

Avient Company Profile

Avient Corporation NYSE: AVNT is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company's core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.

Formed through a corporate rebranding in 2020 following the divestiture of PolyOne's specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.

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